By Wendy Van Sickle
Columbus, Ohio, Aug. 2 – NextEra Energy Capital Holdings Inc. priced $1.5 billion of 4.255% series J debentures due Sept. 1, 2024 (Baa1/BBB+/A-) at 100.254 to yield 4.127% with a spread over Treasuries of 105 basis points in a remarketing on Tuesday, according to a 424B5 filing with the Securities and Exchange Commission.
Barclays, Goldman Sachs & Co. LLC and Credit Suisse Securities (USA) LLC are the remarketing agents.
The debentures were originally issued as part of NextEra Energy, Inc.'s equity units in September 2019, are guaranteed by the parent company and are a part of a 30 million equity unit offering. At issue, each unit contained a 5% beneficial interest in the series.
Proceeds from the remarketing of the debentures will be used to purchase Treasury securities that mature on or prior to Aug. 31, 2022, a portion of which will then be pledged to secure the purchase contract obligations of the holders of corporate units.
NextEra Energy is an energy company based in Juno Beach, Fla.
| Issuer: | NextEra Energy Capital Holdings Inc.
|
| Amount: | $1.5 billion
|
| Issue: | Debentures, series J
|
| Maturity: | Sept. 1, 2024
|
| Remarketing agents: | Barclays, Goldman Sachs & Co. LLC and Credit Suisse Securities (USA) LLC
|
| Trustee: | Bank of New York Mellon
|
| Coupon: | 4.255%
|
| Price: | 100.254
|
| Yield: | 4.127%
|
| Spread: | Treasuries plus 105 bps
|
| Trade date: | Aug. 2
|
| Settlement date: | Aug. 5
|
| Ratings: | Moody’s: Baa1
|
| S&P: BBB+
|
| Fitch: A-
|
| Distribution: | SEC registered
|
| Cusip: | 65339KBL3
|
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